Martel Wealth Advisors Inc Buys New Shares in PepsiCo, Inc. (NASDAQ:PEP)

Martel Wealth Advisors Inc bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the company's stock, valued at approximately $456,000.

Several other hedge funds also recently added to or reduced their stakes in PEP. Global Wealth Strategies & Associates grew its holdings in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter worth about $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after acquiring an additional 96 shares during the period. Finally, Mattson Financial Services LLC acquired a new stake in PepsiCo during the second quarter worth about $34,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.2 %

PEP stock traded up $0.30 during midday trading on Tuesday, hitting $148.55. 7,453,464 shares of the company's stock were exchanged, compared to its average volume of 7,138,204. The business has a 50-day simple moving average of $155.05 and a two-hundred day simple moving average of $165.76. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $203.81 billion, a PE ratio of 21.91, a P/E/G ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo's payout ratio is presently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a "hold" rating to a "buy" rating and increased their price target for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Finally, Bank of America lowered their price target on PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $178.60.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.